USD 152.30 billion
Report ID:
SQMIG50X2003 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|Tables:
125
|Figures:
77
Global Digital Publishing Market size was valued at USD 152.30 billion in 2022 and is poised to grow from USD 169.97 billion in 2023 to USD 408.96 billion by 2031, growing at a CAGR of 11.60% during the forecast period (2024-2031).
Digital publishing is also referred to as e-publishing or online publishing. It includes posting of digital content on websites, social media platforms, and search engines in the form of text, audio, and video. Online technology is used in digital publishing to print and distribute content globally in digital form. Companies that specialize in digital publishing create digital material such as financial magazines, medical journals, newsletters, and advertising. People have modified their learning style and moved away from traditional printed books in favor of digital formats like tablets, smartphones, and e-readers as a result of increasing internet and electronic device usage among end users. As a result, the growing digitization of books and educational materials contributes significantly to the expansion of the digital publishing industry.
With the introduction of smart electronic devices over the years, media and information content have been released on digital platforms like e-books. E-books have become incredibly popular among end users all around the world in recent years. Accordingly, several digital publishing companies have developed specialized application platforms that give users access to a variety of e-books that can be read on smartphones, tablets, computers, and other devices. This is causing a rise in the popularity of reading electronic books, which is likely to fuel industry expansion.
US Digital Publishing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 152.30 billion
Largest Segment
Video Content
Fastest Growth
Video Content
Growth Rate
11.60% CAGR
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Global Digital Publishing Market is segmented by Type, Product, Usage Mode, Application, End User, and Region. Based on Type, the market is segmented into Text Content, Video Content, and Audio Content. Based on Product, the market is segmented into e-books, Online magazines, Newsletters, Catalogs, Podcasts, Memes, Brochures, Presentations, Newspapers, Blogs, and Others. Based on Usage Mode, the market is segmented into Subscription Based, One-time Pay, and Others. Based on Application, the market is segmented into Smartphones, Laptops, PCs, and Others. Based on End User, the market is segmented into Scientific, Technical, & Medical (STM), Legal & Business, and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Digital Publishing Market Analysis by Content Type
On the basis of content type, the video content segment is expected to lead the global digital publishing market over the forecast period. The digital publication offers engagement that goes much beyond text-based communication. In 2022, a shift in preference from text-based information to content that is voiced and viewed visually is expected. Videos can increase the engagement of the content and help in conveying the brand's image more effectively. Video will become more and more important to people all around the world, from educational content to social media live streaming.
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Based on the region, the Asia Pacific region currently dominates the global digital publishing market. The need for digital publishing in this region is expected to increase due to the growing need for improved digital publications. Major digital publishing market players including Adobe Inc., Apple Inc., Amazon.com Inc., and Alphabet Inc. are present and actively engaged in partnerships, acquisitions, the development of new products, and product improvements, which promotes digital publishing market expansion in this area. For instance, Comcast Inc. unveiled a fresh method of integrating television advertising campaign management.
During the projection period, Asia Pacific is projected to see considerable growth. The market in this area is anticipated to rise quickly as a result of growing e-book and magazine adoption throughout India, Singapore, South Korea, and other countries. Additionally, the region's desire for e-books is being fueled by the availability of a sufficient number of market providers.
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Digital Publishing Market Drivers
Increasing e-book adaptation of paperback books to Impel the Market Growth
Digital Publishing Market Restraints
Availability of Alternatives is likely to challenge the market growth
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The market for digital publishing is moderately fragmented. Major market participants including Adobe Inc., Amazon Inc., Alphabet Inc., Comcast Inc., etc. are forming strategic alliances and working together to grow the company. To speed up market expansion, industry players are concentrating on the introduction of new products and the improvement of current products.
Digital Publishing Market Top Players Company Profiles
Digital Publishing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the global digital publishing market is currently led by countries in the North America region, due to the growing need for improved digital publications in this region. Along with this, the video content segment is projected to lead the market due to the high engagement of the content, over the forecast period.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 152.30 billion |
Market size value in 2031 | USD 408.96 billion |
Growth Rate | 11.60% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Digital Publishing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Digital Publishing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Digital Publishing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Digital Publishing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG50X2003
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